World News
BUNKER PRICES: G20-VLSFO Index Drops to One-Month Low
Bunker prices mostly fell at ports around the world on Thursday, with global average VLSFO prices dropping to its lowest level in almost a month.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports lost $3.50/mt to $486.50/mt on Thursday, reaching its lowest level since October 22.
The G20-HSFO Index slipped by $4.50/mt to $413/mt, while the G20-MGO Index declined by $10/mt to $811.50/mt.
ICE Brent crude futures slipped by $0.13/bl to $63.38/bl on Thursday.
VLSFO prices at the top four ports mostly followed a negative trend. At Singapore prices fell by $6.50/mt to $459.50/mt, at Rotterdam they lost $0.50/mt to $425/mt, at Fujairah they declined by $7.50/mt to $452/mt, and at Houston they jumped by $3.50/mt to $439.50/mt.
On Friday morning Brent crude futures were trading down by $1.40/bl from the previous session's close at $61.98/bl as of 10:58 AM in London. In metric tonne terms that would be equivalent to a $10.54/mt fall in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 459.50 | 6.50 | 760.00 | 3.00 |
| Rotterdam | 425.00 | 0.50 | 741.50 | 0.50 |
| Houston | 439.50 | 3.50 | 740.50 | 8.00 |
| Fujairah | 452.00 | 7.50 | 744.00 | 7.00 |
| Global 20 Ports Average | 486.50 | 3.50 | 811.50 | 10.00 |
| Global 4 Ports Average | 444.00 | 3.00 | 746.50 | 0.50 |
| Global Average Bunker Price | 524.00 | 13.00 | 839.00 | 3.50 |
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